can we pull the plug on the trans-pacific partnership?

CAN WE PULL THE PLUG ON THE TRANS-PACIFIC PARTNERSHIP?

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At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.

With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution to these challenges.

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THE TPP IS A HOT TOPIC WITH VARYING OPINIONS IN THE U.S. WHILE IT’S NOT UNCOMMON FOR CONGRESS TO GET A BIT WISHY-WASHY WHEN IT COMES TO GLOBAL POLICIES, THE TPP, IN PARTICULAR, HAS PROVEN TO BE A CONSIDERABLE THORN IN THE SIDE.

WHILE DESIGNED WITH THE IDEA OF BALANCING GLOBAL TRADE AND WRANGLING CHINA INTO THE WORLD TRADE ORGANIZATION, IT’S NOT WITHOUT SOME CONSIDERABLE FLAWS.

ACCORDING TO NICK FLORKO AT CITIZEN’S GLOBAL TRADE WATCH, MORE THAN 57,000 U.S. MANUFACTURING FACILITIES HAVE CLOSED AND FIVE MILLION U.S. MANUFACTURING JOBS –ONE IN FOUR– WERE LOST.

HE T.P.P. HAS LEFT QUITE A NUMBER OF AMERICANS WITH A SOUR TASTE IN THEIR MOUTH. MUCH LIKE THE INDUCTION OF NAFTA, WHICH WAS AIMED TO STABILIZE MEXICO’S ECONOMY, THE T.P.P. POSES A CONSIDERABLE THREAT TO A NUMBER OF JOBS IN THE UNITED STATES.

GRIPPING TOPIC FOR U.S PRESIDENTIAL ELECTION

IT'S MY JOB AS A UNITED STATES SENATOR FROM PENNSYLVANIA TO FIGHT FOR PENNSYLVANIA JOBS. IN THE DECADE AFTER NAFTA WAS PASSED, 525,094 WORKERS WERE CERTIFIED AS DISPLACED, AND A 2014 STUDY FOUND THAT JOB DISPLACEMENT DUE TO TRADE LED TO REAL WAGE LOSSES OF 12-17%

1984 THROUGH 2002. THOUSANDS OF PENNSYLVANIA JOBS HAVE BEEN SHIPPED

OVERSEAS BECAUSE OF UNFAIR TRADE PRACTICES AND OUTSOURCING.

- Pennsylvania Senator, Robert Casey

THE MATTER OF THE TPP HAS ALSO BEEN SOMETHING OF A HOT BUTTON TOPIC FOR THE U.S. PRESIDENTIAL RACE. WHILE TRUMP HAS OUTRIGHT TROUNCED THE PLAN. HOPEFUL, CLINTON, HAS CHANGED STANCE ON THE AGREEMENT FROM THE PAST, NO LONGER BELIEVING IT TO BE IN THE BEST INTEREST OF THE AMERICAN PEOPLE.

OCEAN FREIGHT GIANT MAERSK ASSUMES THAT NO

MATTER HOW THE U.S. PRESIDENTIAL ELECTION

ENDS, IT PROBABLY “WON’T HAVE AN EFFECT ON THE

CONTRACTS WE HAVE AND THE EMPLOYMENT

EXPOSURE WE HAVE IN THE U.S

NO TURNING BACK NOW

WITH ALL THE FEET STAMPING AND SENSE OF IMPENDING DOOM WITH THE TPP LURKING ON THE HORIZON, THE QUESTION IS, WHY NOT JUST PULL THE PLUG?

IT'S MY JOB AS A UNITED STATES SENATOR FROM PENNSYLVANIA TO FIGHT FOR PENNSYLVANIA JOBS. IN THE DECADE AFTER NAFTA WAS PASSED, 525,094 WORKERS WERE CERTIFIED AS DISPLACED, AND A 2014 STUDY FOUND THAT JOB DISPLACEMENT DUE TO TRADE LED TO REAL WAGE LOSSES OF 12-17%

1984 THROUGH 2002. THOUSANDS OF PENNSYLVANIA JOBS HAVE BEEN SHIPPED

OVERSEAS BECAUSE OF UNFAIR TRADE PRACTICES AND OUTSOURCING.

- Pennsylvania Senator, Robert Casey

THE MATTER OF THE TPP HAS ALSO BEEN SOMETHING OF A HOT BUTTON TOPIC FOR THE U.S. PRESIDENTIAL RACE. WHILE TRUMP HAS OUTRIGHT TROUNCED THE PLAN. HOPEFUL, CLINTON, HAS CHANGED STANCE ON THE AGREEMENT FROM THE PAST, NO LONGER BELIEVING IT TO BE IN THE BEST INTEREST OF THE AMERICAN PEOPLE.

FOR STRATEGIC REASONS ALONE, WALKING AWAY MAY BE A BAD IDEA. CHINA MAY NOT BE IN THE

PACIFIC TRADE DEAL, BUT THE DEAL, TO A LARGE EXTENT, IS ABOUT CHINA. IF ALLOWING IT INTO THE

W.T.O. WAS ABOUT BRINGING IT INTO THE RULES-BASED SYSTEM, THE PACIFIC TRADE DEAL

ESTABLISHES A RING OF RULES AROUND IT. IT IS A GUARANTEE TO CHINA’S NERVOUS NEIGHBORS OF

WASHINGTON’S COMMITMENT TO THE REGION AND AN EFFORT TO SET STANDARDS FOR ASIA’S

ECONOMIC INTEGRATION

- Eduardo Porter, Economic journalists for the NYT

AND TRUE ENOUGH. CHINA HAS RISEN TO BECOME AN INDUSTRIAL GIANT IN THE GLOBAL MARKETS, BUT TO DATE HAS MANAGED TO PLAY BY IT’S OWN SET OF RULES.

“IF THE IDEA OF RETRENCHMENT WERE TO TAKE HOLD AND THE T.P.P.. WERE TO STOP, IT WOULD BE A BLOW TO U.S. INFLUENCE AND CREDIBILITY MORE BROADLY,” SAID ESWAR PRASAD, A PROFESSOR OF TRADE POLICY AT CORNELL.

WHILE THEY AREN’T ACTIVELY A PART OF THE T.P.P. WHICH WOULD HELP TO REGULATE AND LEVEL THE PLAYING FIELD, THE T.P.P. HELPS TO CREATE MORE EQUAL FOOTING FOR OTHER ASIAN MANUFACTURERS.

OTHER PARTNERSHIPS LURKING IN THE BACKGROUND

“CHINA IS ENGAGED IN NEGOTIATIONS FOR ANOTHER AGREEMENT THAT DOES NOT INCLUDE THE UNITED STATES – THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP. ITS MEMBERS ARE THE ASEAN NATIONS, AUSTRALIA, NEW ZEALAND, CHINA, JAPAN, KOREA AND INDIA.

THE UNITED STATES WILL HAVE TO PROCEED CAREFULLY IF THEY WANT TO AVOID HAVING EGG ON THEIR FACE. AS TO WHETHER OR NOT THE ORDEAL IS WORTH IT, ONLY TIME WILL TELL.

SEVEN COUNTRIES HAVE OVERLAPPING MEMBERSHIP. NEGOTIATIONS FOR THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP HAVE BEEN SLOW.

LEARN HOW XENETA CAN HELPYOU GET INSIGHT AND

INTELLIGENCE INTO YOUR GLOBAL OCEAN FREIGHT PRICES AND CHANGE YOUR LOGISTICS

BUSINESS:

REQUEST DEMO NOW

FOR STRATEGIC REASONS ALONE, WALKING AWAY MAY BE A BAD IDEA. CHINA MAY NOT BE IN THE

PACIFIC TRADE DEAL, BUT THE DEAL, TO A LARGE EXTENT, IS ABOUT CHINA. IF ALLOWING IT INTO THE

W.T.O. WAS ABOUT BRINGING IT INTO THE RULES-BASED SYSTEM, THE PACIFIC TRADE DEAL

ESTABLISHES A RING OF RULES AROUND IT. IT IS A GUARANTEE TO CHINA’S NERVOUS NEIGHBORS OF

WASHINGTON’S COMMITMENT TO THE REGION AND AN EFFORT TO SET STANDARDS FOR ASIA’S

ECONOMIC INTEGRATION

- Eduardo Porter, Economic journalists for the NYT